Click on any of the links below for Real Time Market Statistics, including a 90-day overview of Overall Median Price, Median Price by Price Range, Average Inventory, Average Days on Market, and Market Activity Index. Be sure to bookmark this page, as the information is constantly changing. For information on a specific neighborhood or property, please contact us directly. thank you.

Real Estate Market Statistics by MLS Area

2009 MARKET SNAPSHOT
Prepared by Paul Hurst

This survey compares the entire year (Jan. 1 – Dec.31) of 2009 with 2008. Many of the areas are starting to see an increase in the number of sales, while average and median prices are also up slightly from the month before. This, combined with a very slight increase in the % of List Price to Sale Price, indicates we may have seen the bottom. The median and average sale price numbers are an indication that there are more “less expensive” homes selling than “more expensive” homes. Interestingly, the List/Sale Price ratios continue to remain pretty consistent.

Things are looking up!: ? In 2009, there were about 1335 closed or pending sales*, which works out to nearly 4 closed sales or new escrows every day …not bad! The number of units selling is up over last month in most of the areas. The foreclosure rate is still low compared to the rest of the state and country. Business for Prudential’s local offices is up…we maintain a 22.7% market share in the Santa Barbara area! We are seeing more investors coming into the market, and more multiple offers, which is another indication the market has hit the bottom. Interest rates are still very, very good!

CARPINTERIA / SUMMERLAND

(Includes Beach Property on Padaro, Fernald, San Point, & Finney

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	63 60		$1,851,241		$ 845,000		94
YTD 2009	72 90	+14% +53%	$1,857,973	+0%	$ 734,000	-13%	94
CONDOS & TOWNHOMES
YTD 2008	41 45		$ 472,775		$ 459,000		96
YTD 2009	52 68	+26% +51%	$ 504,448	+6%	$ 431,250	-6%	96

MONTECITO

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	159 153		$4,327,659		$3,300,000		94
YTD 2009	142 148	-10% -3%	$3,454,113	-20%	$2,345,000	-28%	92
CONDOS & TOWNHOMES
YTD 2008	18 16		$1,713,692		$1,480,750		93
YTD 2009	11 13	-38% -18%	$1,106,273	-35%	$ 945,000	-36%	95

SANTA BARBARA – EAST OF STATE STREET

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	199 201		$1,338,231		$1,120,000		94
YTD 2009	232 258	+16% +28%	$1,059,768	-20%	$ 910,000	-18%	94
CONDOS & TOWNHOMES
YTD 2008	57 54		$ 706,253		$ 605,000		95
YTD 2009	55 69	-3% +27%	$ 650,806	-7%	$ 539,000	-10%	95

SANTA BARBARA – WEST OF STATE STREET

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	140 149		$1,035,278		$ 929,500		96
YTD 2009	154 175	+10% +17%	$ 834,951	-19%	$ 767,000	-17%	97
CONDOS & TOWNHOMES
YTD 2008	64 67		$ 620,780		$ 540,000		96
YTD 2009	81 90	+26% +34%	$ 633,727	+2%	$ 503,000	-6%	97

HOPE RANCH (may inc. an area adj. to, but outside the actual Ranch)

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	20 19		$3,279,479		$2,875,000		95
YTD 2009	19 22	-5% +15%	$3,630,132	+10%	$2,556,000	-11%	90

SOUTH GOLETA

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	81 79		$ 874,130		$ 735,000		98
YTD 2009	84 99	+3% +13%	$ 865,620	-1%	$ 700,000	-4%	97
CONDOS & TOWNHOMES
YTD 2008	60 61		$ 524,737		$ 551,900		96
YTD 2009	67 77	+11% +26%	$ 447,589	-14%	$ 451,000	-18%	97

NORTH GOLETA & UNINCORP. SANTA BARBARA (93111)

YEAR	Sales / In Escrow	% Chg	Average Sale Price	% Chg	Median Sale Price	% Chg	% of List
SINGLE FAMILY HOMES
YTD 2008	156 165		$ 972,520		$ 832,500		96
YTD 2009	161 167	+3% +1%	$ 826,987	-14%	$ 708,000	-14%	97
CONDOS & TOWNHOMES
YTD 2008	42 41		$ 512,549		$ 467,500		98
YTD 2009	60 67	+42% +63%	$ 414,143	-19%	$ 397,500	-14%	97

% Change (rounded) compares the YTD of 2009 to YTD of 2008 only;

In 2008, a full 87% of all homebuyers used the Internet to search for a home, according to NAR. That’s up from 84% in 2007 and 80% in 2006. Nearly a third of buyers last year first saw the home they purchased on the Internet.

YTD CLOSED (& PENDING) SALES BY PRICE POINT

> $499,999	249 (66)
$500,000 - $749,999	332 (54)
$750,000 - $999,999	213 (33)
$1,000,000 - $1,999,999	220 (19)
$2,000,000 - $2,999,999	65 ( 6)
$3,000,000 - $4,999,999	37 ( 4)
$5,000,000+ (6 over $15M)	34 ( 3)

*MLS sales of single family homes, condos, townhomes & PUDs.

Prudential California Realty
1170 Coast Village Road • Montecito, CA 93108
805.680.8216 • 805.570.7158